VOLUNTARY PAYMENT PROTECTION Sample Clauses

VOLUNTARY PAYMENT PROTECTION. We may offer Voluntary Payment Protection to you. Voluntary Payment Protection is not necessary to obtain credit. If you purchase Voluntary Payment Protection from us, you authorize us to add the fees or insurance charges monthly to your loan balance and charge you interest on the entire balance. At our option we will change your payment or the period of time necessary to repay the loan balance. The rate used to determine the fees or insurance charges may change in the future. If the rate changes, we will provide any notices required by applicable law.
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VOLUNTARY PAYMENT PROTECTION. We may but are not required to offer Voluntary Debt Protection to you. Voluntary Debt Protection is not necessary to obtain credit and is completely voluntary. If you purchase Voluntary Debt Protection for this Plan you authorize us to add the fees monthly to your loan balance, to pay such fees to the person(s) that provide the service, and charge you interest on the entire balance. At our option we will change your payment or the period of time necessary to repay the loan balance as needed. The rate used to determine the fees or may change in the future. If the rate changes, we will provide any notices required by applicable law. If you fail to pay any amount hereunder, we may cancel the plan or, at our option, pay the amounts you owe for these services and add them to your outstanding plan balance, upon which interest will accrue. We have no obligation to pay or continue to pay such amounts. Borrower may cancel coverage at any time by informing the Credit Union of the intent to do so. See agreement for specific terms and conditions of the Debt Protection agreement. The proceeds of this plan will be paid to the Credit Union. 21.
Sample 1
VOLUNTARY PAYMENT PROTECTION. We may offer Voluntary Payment Protection to you. Voluntary Payment Protec- tion is not necessary to obtain credit. If you purchase Voluntary Payment Protection from us, you authorize us to add the fees or insurance charges monthly to your loan balance and charge you interest on the entire balance. At our option we will change your payment or the period of time necessary to repay the loan balance. The rate used to determine the fees or insurance charges may change in the future. If the rate changes, we will provide any notices required by applicable law.
Sample 1

Related to VOLUNTARY PAYMENT PROTECTION

  • Housing Benefit The Landlord undertakes to reimburse the Agent for any claims arising from overpayment which may be made by the local authority in respect of housing benefit, or other benefit scheme, paid to or on behalf of the Tenant(s) as rent. This undertaking shall remain in force during the currency of the tenancy and up six years thereafter, whether or not the Agent continues to be engaged to let or manage the Property under this Agreement.

  • Income Protection All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments ($500 per week to workers with dependants, $400 per week to workers without dependants) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). The costs of this benefit will be shared between Incolink and the company on a 30/70 basis. Agreed premium costs will be: Incolink - $2.10 per week/worker Employer - $4.90 per week/worker It is a condition of the company’s agreement to provide this benefit that premium costs be maintained at not more than the February 1998 equivalent. In the event of premium costs escalating, the parties are agreed that the benefits table will be revised downwards so as to contain premium costs within the agreed limits. To maintain this cover the company agrees to pay the amounts every week for each employee. In the event the company does not maintain the above policy, the company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

  • Benefit Protection Plan For employees who have approved disability claims (excluding those for work-related injuries) under the City's Flex disability insurance carrier, management shall continue the City's medical, dental, and basic life insurance plan subsidies for a maximum of two years or at the close of claim, whichever is less. Employees must have been enrolled in a Flex medical, dental and/or basic life plan prior to the beginning of the disability leave. Coverage in this program will end if the employee retires (service or disability) or leaves City service for any reason.

  • INSURANCE PROTECTION Insurance protection for employees travelling on work related business is provided in accordance with the DHB’s insurance policy. The provisions of the insurance policy are available through the Human Resources department.

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